The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on the Franklin Templeton spot Solana exchange-traded fund (ETF), extending the review period for the application.
Summary:
- The SEC has postponed its ruling on the Franklin Solana spot ETF.
- Approval for multiple crypto ETFs, including Solana, is now anticipated, possibly in October.
According to a filing on September 10, the SEC pushed back its approval of the Franklin spot Solana ETF just days before the ETF’s third submission deadline. The agency had already extended the review period in May and launched a detailed evaluation in June.
Franklin Templeton initially applied to list and trade Solana ETF shares in February, with the form 19b-4 acknowledged in March. The SEC’s new final decision deadline has been set for November 14, 2025.
Timeline for Solana Spot ETF Approval
The SEC has delayed several crypto ETF applications recently, including those for Litecoin and XRP. With over 90 crypto ETF filings under review, analysts expect the regulator to approve a batch of prominent altcoin-related ETFs in the near future.
Experts predict that some major ETFs could receive approval before their final deadlines. For instance, Canary Capital’s Litecoin ETF filing is expected to get a decision by October 2, 2025. Solana, Litecoin, and XRP remain among the most eagerly anticipated altcoin ETFs. Historically, the prices of these tokens have surged when issuers submitted filings or when the SEC acknowledged the forms 19b-4.
Solana’s Growth Potential
Solana, including its staking options, continues to be one of the most watched altcoins in the market. In March, Franklin Templeton emphasized that Solana’s decentralized finance (DeFi) ecosystem is still undervalued, despite the growth of projects such as Jupiter, Raydium, and Kamino. Analysts believe that the combination of ETF approvals and ongoing DeFi expansion could provide significant catalysts for SOL’s price in the near term.
